A network diagramming technique in which activities are represented by arrows and connected at points called nodes to illustrate a sequence of activities
The series of activities that determine the earliest time by which the project can be completed; it is the longest path through the network diagram and has the least amount of slack or float
A method of scheduling that takes limited resources into account when creating a project schedule and includes buffers to protect the project completion date
Critical Chain Scheduling
Elements of a three point estimate
OptimisticMost Likely Pessimistic
The amount of time an activity may be delayed without delaying a succeeding activity or the project finish date
A network diagramming technique in which boxes represent activities
PDM Precedence Diagramming Method
The additional time added before a projects due date to account for unexpected factors
An occurrence when two or more activities follow a single node on a network diagram
A schematic display of logical relationships among, or sequencing of, project activities
The dependencies that are inherent in the nature of the work being performed on a project
Quantitative risk analysis technique that provides a probability distribution for outcome values for the whole project
The dependencies that involve relationships between the project and non-project activities
Additional time to complete and activity, added to an estimate to account for various factors
A tabulation of activities to be included in a project schedule
The number of workdays or work hours required to complete and activity
Information that provides schedule-related information about each activity, such as predecessors, successors, logical relationships, leads and lags, resource requirements, constraints, imposed dates, and assumptions related to the activity
The actual amount of time spent working on an activity PLUS elapsed time
A distinct, scheduled portion of work performed during the course of a project
A management philosophy that states that any complex system at any point in time often has only one aspect or constrain that is limiting its ability to achieve more of its goal
Work expands to fill the time allowed
An estimate that includes an optimistic, most likely, and pessimistic estimate
A technique that uses project characteristics (parameters) in a mathematical model to estimate project costs
aka. Analogous Estimates The estimates that use the actual cost of a previous, similar project as the basis for estimating the cost of the current project
A standard format for displaying project schedule information by listing project activities and their corresponding start and finish dates in a calendar format
When an activity can overlap a preceding one
What can go wrong, will go wrong
Additional time added before activities on the critical path that are preceded by non-critical path activities
A network diagramming technique in which activities are represented by arrows and connected at points called nodes to illustrate a sequence of activities
A network diagramming technique used to predict the total project duration and show the amount of schedule flexibility on the network paths within the schedule model
A schedule compression technique where you do activities in parallel that you would normally do in sequence
When a resource works on more than one activity at a time
A network analysis technique used to estimate project duration when there is a high degree of uncertainty about the individual activity duration estimates
PERT Program Evaluation and Review Technique
A significant point or event in a project
Cost estimates created by estimating individual activities and summing them to get a project total
The starting and ending point of an activity on an activity on arrow network diagram
aka. Top Down Estimates The estimates that use the actual cost of a previous, similar project as the basis for estimating the cost of the current project
A time-phased budget that project managers use to measure and monitor cost performance
The sequencing of project activities. Relationship between activities
Work that is done in support of operational, functional, or project performance. Tasks are not part of the schedule (activities are shown on the schedule). Tasks include many management functions such as things done to manage the team, run a production line, or build relationships
when an activity requires a gap in time before it can start
A technique for making cost and schedule trade-offs to obtain the greatest amount of schedule compression for the least incremental cost
A situation where two or more nodes precede a single node on a network diagram |